Cornerstone Enterprises LLC trimmed its stake in shares of Omega Healthcare Investors, Inc. (NYSE:OHI – Free Report) by 26.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,326 shares of the real estate investment trust’s stock after selling 54,065 shares during the quarter. Omega Healthcare Investors comprises 4.2% of Cornerstone Enterprises LLC’s holdings, making the stock its 7th biggest position. Cornerstone Enterprises LLC’s holdings in Omega Healthcare Investors were worth $6,869,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Amundi lifted its holdings in Omega Healthcare Investors by 100.4% in the 2nd quarter. Amundi now owns 1,125,875 shares of the real estate investment trust’s stock valued at $53,682,000 after acquiring an additional 564,175 shares during the last quarter. Oxbow Advisors LLC bought a new position in shares of Omega Healthcare Investors during the 1st quarter valued at about $7,373,000. Y Intercept Hong Kong Ltd boosted its position in shares of Omega Healthcare Investors by 351.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 42,368 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 32,982 shares in the last quarter. AlphaGrep UK Ltd bought a new position in shares of Omega Healthcare Investors during the 2nd quarter valued at about $1,246,000. Finally, Greenland Capital Management LP acquired a new position in shares of Omega Healthcare Investors in the 2nd quarter worth approximately $7,867,000. 65.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
OHI has been the topic of a number of research reports. Scotiabank dropped their target price on shares of Omega Healthcare Investors from $50.00 to $47.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Mizuho increased their target price on shares of Omega Healthcare Investors from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. UBS Group reduced their target price on shares of Omega Healthcare Investors from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday. Cantor Fitzgerald lifted their price target on shares of Omega Healthcare Investors from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Citigroup upped their price target on Omega Healthcare Investors from $52.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.93.
View Our Latest Stock Analysis on OHI
Omega Healthcare Investors Stock Up 0.9%
Shares of NYSE OHI opened at $45.51 on Friday. Omega Healthcare Investors, Inc. has a 12 month low of $39.26 and a 12 month high of $52.39. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.82 and a beta of 0.53. The business has a fifty day simple moving average of $46.30 and a 200-day simple moving average of $46.92.
Omega Healthcare Investors (NYSE:OHI – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.68. The business had revenue of $328.25 million during the quarter, compared to analyst estimates of $266.97 million. Omega Healthcare Investors had a return on equity of 15.76% and a net margin of 66.96%. Omega Healthcare Investors’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. Omega Healthcare Investors has set its FY 2026 guidance at 3.220-3.260 EPS. As a group, sell-side analysts expect that Omega Healthcare Investors, Inc. will post 3.12 EPS for the current fiscal year.
Omega Healthcare Investors Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.68 per share. This is a boost from Omega Healthcare Investors’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, August 3rd. Omega Healthcare Investors’s payout ratio is currently 97.14%.
About Omega Healthcare Investors
Omega Healthcare Investors, Inc is a real estate investment trust (REIT) focused on healthcare facilities, with an emphasis on skilled nursing and assisted living properties. The company owns or invests in healthcare real estate and leases its properties to operators that provide care and related services to residents.
Omega generally uses long-term, predominantly triple-net lease arrangements, under which tenants are responsible for many property-level expenses, including maintenance, insurance and taxes.
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